WHUT (Howard University Television)
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Jan 29, 2013
01/13
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WHUT
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ceiling. if you are right about this, there are people in trends in congress. they come from districts. they come from states where this is not their issue, so congress is polarized around the issue of poverty. we said there is a bipartisan consensus parliament does not matter. if you are right about your assessment, how do we imagine the plight of the four is going to get a dress? >> just what you have been giving these lawyers about. -- these blurbs about. people have to stop being silent. anytime i get a phone call in my office i believe at least 50 of my constituents believe the exact same thing. if you start calling your congress people and senators and saying to them you want to address poverty, trust that they listen. do not just assume or be angry when you turn on the news that television cannot talk to a spirited you have to do it yourself, because if you do not -- television cannot talk to us. you have to do it yourself. people get news media about food stamps, and everyone forgets a
ceiling. if you are right about this, there are people in trends in congress. they come from districts. they come from states where this is not their issue, so congress is polarized around the issue of poverty. we said there is a bipartisan consensus parliament does not matter. if you are right about your assessment, how do we imagine the plight of the four is going to get a dress? >> just what you have been giving these lawyers about. -- these blurbs about. people have to stop being...
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Jan 23, 2013
01/13
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KNTV
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today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan will draft the budget with deeper cuts. that's a carrot to get conservatives to go along but some still want to see cuts first. >> will not vote to raise the debt ceiling unless significant efforts are made to fix the under lying problems. >> reporter: senate democrats hint theology pass a budget but not soon. >> approach that when we need to. >> reporter: the white house says even in short term the president will sign pinpoint >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last tanned if they can't compromise lawmakers' paychecks could take a hit. what's still not known
today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills and it cuts pay for lawmakers if they can't pass a budget by tax time april 15th. >> most americans believe you don't do your job you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate hasn't pass ad budget in almost four years. >> the last time they pass ad budget the ipad hadn't been introduced. >> reporter: paul ryan...
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Jan 23, 2013
01/13
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CURRENT
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punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it
punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a...
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Jan 24, 2013
01/13
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CURRENT
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they said they were going to fight president obama on the debt ceiling. they voted 285-144 to say they will not fight. now there are other provisions in there that we will talk about as well, but that's the main heart of it. they moved that to may 18th. don't think they're not going to fight over the budget. they are. there are two others opportunities for it. the sequester comes in march 1st. they'll make a huge sting out that have and then the budget is on april 15th. there will be two more fights before we get back from the debt ceiling. why did they do this? i'll bring in a couple of guests to sort that out. first of all grace she wrote a very good piece about that today. and our own political correspondent michael shure and he joins us here. grace, i have a theory, and i'm going to read a quote from chris chocola. he said, the club for growth will not oppose tomorrow's vote on the debt ceiling. the club for growth will, on the other hand, strongly oppose any efforts during the upcoming debate over the continuing resolution and sequester that fail to
they said they were going to fight president obama on the debt ceiling. they voted 285-144 to say they will not fight. now there are other provisions in there that we will talk about as well, but that's the main heart of it. they moved that to may 18th. don't think they're not going to fight over the budget. they are. there are two others opportunities for it. the sequester comes in march 1st. they'll make a huge sting out that have and then the budget is on april 15th. there will be two more...
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Jan 22, 2013
01/13
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KPIX
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomor
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve...
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Jan 22, 2013
01/13
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CNBC
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what she has to say about the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> shares of research in motion are up sharply this morning, after the ceo said the ongoing review could potentially leetd to the sale of its handset business. plaque berry upgrades alone could in fact drive themes. the question in terms of if they do license their software platform, jim, who would they license to, since knockia is with microsoft, and samsung, motorola with android, so who is left to license w
what she has to say about the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock....
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Jan 23, 2013
01/13
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KRON
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as for the debt ceiling. republicans controlling the house are moving quickly to defuse a potential debt crisis. they're offering legislation to prevent a first-ever default on u.s. debts for three months or so. that would delay what could still be a showdown. >> in my view it is not responsible to raise the debt ceiling and the way that we change the way we do things here. >> catherine: democrats don't like the 3-month delay idea.but the administration won't oppose it. some of the quirky things which were part of the are all over the internet. you heard about beyonce lip- synching. but did you know that her emerald earrings are worth 1.8 million dollars? some people thought that was an excessive display.others loved them and didn't care. then there's the luncheon.where the first lady sat next to house speaker john boehner. photos and video suggest she wasn't even pretending to enjoy that. some observers say michelle obama was rolling her eyes. and even when boehner touched her arm and tried to talk to her.sh
as for the debt ceiling. republicans controlling the house are moving quickly to defuse a potential debt crisis. they're offering legislation to prevent a first-ever default on u.s. debts for three months or so. that would delay what could still be a showdown. >> in my view it is not responsible to raise the debt ceiling and the way that we change the way we do things here. >> catherine: democrats don't like the 3-month delay idea.but the administration won't oppose it. some of the...
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Jan 23, 2013
01/13
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FBC
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this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the senate will pass it. >> i thank speaker boehner for his leadership in diffusing a fight over the debt ceiling debate. >> now the white house says the president will not stand in the way of this bill becoming law but they are seeking a longer term debt ceiling solution as are democrats and republicans. the problem is, how are you going to do it? republicans say they will come out with a budget that makes sure the balanced budget occurs in the u.s. by the next 10 years, but they say they don't have to raise taxes to do it. democrats are still
this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the...
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Jan 24, 2013
01/13
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CURRENT
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when we come back, republicans caved on the debt ceiling. so what's next? >> announcer: radio meets television. the "bill press show." now on current tv. fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. i think the number one thing that viewers like about the young turks is that we're honest. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. >> i'm pleased speaker boehner has decided to change course and pass the bill that over the debt ceiling. >> announcer: this is the "bill press show." >> bill: 13 minutes before the top of the hour on the "full court press" here this thursday morning. when we come -- in the top of the next hour rather, we'll be joined by lynn sweet from the "chicago sun times" as a "friend of bill." for the whole hour. and then former sena
when we come back, republicans caved on the debt ceiling. so what's next? >> announcer: radio meets television. the "bill press show." now on current tv. fund your healthcare. really? i want to have those conversations, not to be confrontational, but to understand what the other side is saying, and i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. i think the number one thing that viewers like about the young turks is...
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Jan 24, 2013
01/13
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FOXNEWSW
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the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt limit until there is a long-term plan to deal with the fiscal crisis that faces our country. >> and now the de
the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10...
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Jan 22, 2013
01/13
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CNBC
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they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to take up a bill tomorrow afternoon to extend the debt ceiling, not just to april 15, but to may 18. they are going to do it with a mechanism that would allow them in effect to suspend the debt ceiling, not even to raise it making it easier for conservatives to vote for it and senate democrats say they plan to take up that proposal and expect to pass it by an overwhelming margin sometime within the next week or so. now, jay carney at the white house today for his part said we wouldn't a longer term extension than that but the president is not going to block thi
they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to...
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Jan 22, 2013
01/13
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FBC
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let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i have heard that speech to the point that it makes me think you don't realize while you're in the majority, conservative republicans -- >> thank you. lou: that you don't realize fully that you're in a majority of a house that is only one-third of government. >> oh, listen, i get it, but nothing that raises revenue, nothing that provides money to any part of our government gets there unless the majority in the house pass it. lou: right. >> lou, that's leverage to bring spending under control. we've just finished two years where every fight we came up to, we were told, you know
let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i...
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Jan 21, 2013
01/13
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CURRENT
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ceiling and said, all right. they will extend it for only three months, not good enough. they said they will extend it notno strings attached without all of the cuts to social security and medicare they had been demanding bluffs president obama, we got his back and he stays tough, gets things done in this second term. let's talk about it 866-55-press here on the "full-court press." it's monday morning, inaugural day, january 21st. >> this is "the full court press: the bill press show," live on your radio and on current tv. current tv presents special coverage of the presidential inauguration. the pomp, the circumstance the insight and analysis. only on current tv. we have a big big hour and the iq will go way up. (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful curren
ceiling and said, all right. they will extend it for only three months, not good enough. they said they will extend it notno strings attached without all of the cuts to social security and medicare they had been demanding bluffs president obama, we got his back and he stays tough, gets things done in this second term. let's talk about it 866-55-press here on the "full-court press." it's monday morning, inaugural day, january 21st. >> this is "the full court press: the bill...
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Jan 22, 2013
01/13
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KTVU
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the debt ceiling debate is in the spotlight. as kyla campbell reports there's an important meeting planned today and a vote planned for tomorrow. >> reporter: mike thompson is part of a house committee holding a meeting today on the debt ceiling. they are taking a look at how the past has voted to raise the limit. the committee is examining the constitution to see if it provides options for the president when the deal is reached. tomorrow, the house will vote on increasing the debt ceiling so the u.s. can pay its bills through may. if congress approves, pressure falls on senate democrats to pass their first budget in four years. without one there could be a partial government shut down at the end of march. congressman mike honda is making a pitch. i will explain his proposal when i see you next. back to you. >> thank you. >>> great economic news just coming in right now. u.s. home sales rose to a five- year high last year. that should bode well for the markets. dow jones is down a little bit. right now, the nasdaq also down, but
the debt ceiling debate is in the spotlight. as kyla campbell reports there's an important meeting planned today and a vote planned for tomorrow. >> reporter: mike thompson is part of a house committee holding a meeting today on the debt ceiling. they are taking a look at how the past has voted to raise the limit. the committee is examining the constitution to see if it provides options for the president when the deal is reached. tomorrow, the house will vote on increasing the debt...
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Jan 23, 2013
01/13
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MSNBCW
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there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including efforts to
there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president...
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Jan 24, 2013
01/13
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KPIX
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. >>> well also on capitol hill, the debt debate -- debt ceiling crisis rather appears to have been averted, at least for now. a bill suspending the debt limit is headed to the senate. the house passed the measure yesterday. it allows the treasury to exceed its borrowing limit through may 18th and the president says he'll sign the legislation. >>> secretary of state hillary clinton returns to capitol hill today. she'll introduce senator john kerry tapped to take her place at his confirmation hearing. yesterday clinton spent more than 5 1/2 hours testifying before congress about the siege of the u.s. consulate in libya. she faced tough aggressive questions about the attacks which left four americans dead. margaret brennan reports. >> as i have said many times, i take responsibility. >> reporter: in her opening statement, the usually reserved hillary clinton said that for her the benghazi tragedy is personal. >> i stood next to president obama as the marines carried those flag draped caskets off the plane at andrews. i put my arms around the mothers and fathers, sisters and brothers, sons and
. >>> well also on capitol hill, the debt debate -- debt ceiling crisis rather appears to have been averted, at least for now. a bill suspending the debt limit is headed to the senate. the house passed the measure yesterday. it allows the treasury to exceed its borrowing limit through may 18th and the president says he'll sign the legislation. >>> secretary of state hillary clinton returns to capitol hill today. she'll introduce senator john kerry tapped to take her place at...
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Jan 22, 2013
01/13
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FOXNEWSW
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they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfa
they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent...
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Jan 22, 2013
01/13
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CNBC
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joining us now on set to talk equity market structure, and the debt ceiling. jeff solomon cowen & company ceo. let's start with, i'm intrigued now. equity market structure. what are you going to talk about now? how do you want to talk about that? >> well, i think, i mean, we've been talking for a little over a couple of years about how crazy the equity market structure has gotten in terms of fast speeding, electronic trading, high frequency trading and how basically we've gotten away from fundamental investing in the equity markets. and so, there's a movement afoot, later on, actually beginning of next month, to have a roundtable discussion at the s.e.c. about a widening tick increments, adding bid offer spreads for small cap stocks and a way to try to drive liquidity back into the small cap market. >> my question is, if we did see a return of the individual investor and just more interest in the stock market, i argue was very low, still, even though we're getting close to highs on the -- >> i agree. >> i still think it's low. wouldn't that solve a lot of the
joining us now on set to talk equity market structure, and the debt ceiling. jeff solomon cowen & company ceo. let's start with, i'm intrigued now. equity market structure. what are you going to talk about now? how do you want to talk about that? >> well, i think, i mean, we've been talking for a little over a couple of years about how crazy the equity market structure has gotten in terms of fast speeding, electronic trading, high frequency trading and how basically we've gotten away...
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Jan 22, 2013
01/13
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FBC
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>> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these programs starting to run out of at least some money and then they will raise taxes on wealthier people to fund them? there has to be a long game plan >> you are talking about these politicians acting like adults and thinking long-term. i do not think there is a long-term game plan when it comes to dealing with entitlements. connell: paul krugman wrote a big piece about that. we do not have to do with it now, just put it off. >> just think about the debate that we are having right now. democrats are saying we need to raise taxes for government spending. it is medicare, social sec
>> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these...
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Jan 29, 2013
01/13
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FOXNEWS
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in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement there you'd have a government shutdown on may 18th, that's the next debt ceiling deadline if this does manage to pass the house and the u.s. senate and go to the president's desk for his signature. analysts are saying next up now is that big government spending fight dealing with the appropriations process, and it makes it more likely now with that up next that there could be a goth shutdown. a government shutdown. >> you know, take off the worst case elements of what, you know, could be a worst case scenario by removing the debt ceiling, essentially, and then have just a good old fight on spend
in a couple of days, the senate will vote on a proposal to extend the debt ceiling out til may, so if the senate does, it heads to the white house for the president's signature, and that reorders the calendar of deadlines as far as spending is concerned, so next up would be the government spending cuts, the automatic spending cuts known as the sequester followed by march 27th a large chunk of government spending authority runs out. and without an agreement the, basically, no spending agreement...
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Jan 23, 2013
01/13
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CNBC
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the house is expected to vote on extending the debt ceiling. there is a new plan the house will take up which would say no one in the house of congress that doesn't pass a budget should get paid after i believe may 19th or something. is that a plan that would also pass in the senate? >> it might, becky. i've got give the house credit for focusing on the real underlying cause of all this government by cliff we've been living through,s which the fact that the senate doesn't function. senator reed chooses not to do a budget resolution for three consecutive years, we did no appropriation bills, no bill to address the debt ceiling and the consequence of this is we end up at midnight on december 31st with a gun to our head trying to get something done at the last minute nobody's had a chance to look at. what the house is saying is, it's about time the senate actually did what any law requires, which is pass a budget. and begin the process of setting the parameters for how we will solve this problem and live within our means and how we will eventually
the house is expected to vote on extending the debt ceiling. there is a new plan the house will take up which would say no one in the house of congress that doesn't pass a budget should get paid after i believe may 19th or something. is that a plan that would also pass in the senate? >> it might, becky. i've got give the house credit for focusing on the real underlying cause of all this government by cliff we've been living through,s which the fact that the senate doesn't function....
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Jan 29, 2013
01/13
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that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that could shut down the federal government. you're looking at debt ceiling all the way on may 18th. congressional aides saying treasury is telling them pause of extraordinary measures they can use, this pushes the debt ceiling day back to sometime this summer perhaps if this is a bill that clears congress and the senate is going to consider it the next couple of days and likely it does pass of the because the debt ceiling is pushed off and the next real fast deadline is march 27th, that government spending deadline, analysts say that increas
that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that...
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Jan 24, 2013
01/13
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the debt ceiling is going up, we know that. the fiscal cliff was afraided. -- avoided. one presidential advisor says it is time for washington to do the real work to boost the economy. ed lazear is here next. tracy: nasdaq ceo bob greifeld weighs in on the new york stock exchange plans to tie up with nasdaq's former partner ice. liz claman talks with him in davos. that is coming up. first as we do every day at this time of day, let's look how oil is trading, up, just under 1%. $96 a barrel even. we'll be right back what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur
the debt ceiling is going up, we know that. the fiscal cliff was afraided. -- avoided. one presidential advisor says it is time for washington to do the real work to boost the economy. ed lazear is here next. tracy: nasdaq ceo bob greifeld weighs in on the new york stock exchange plans to tie up with nasdaq's former partner ice. liz claman talks with him in davos. that is coming up. first as we do every day at this time of day, let's look how oil is trading, up, just under 1%. $96 a barrel...
WHUT (Howard University Television)
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Jan 23, 2013
01/13
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WHUT
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president obama has tacitly endorsed a house republican plan to lift the debt ceiling for the next four months. the measure would lift enforcement of the government's $16.40 trillion borrowing limit until may 18. in a statement, the white house said it would not oppose the temporary move. a house vote is expected today. protests on both sides of the reproductive rights debate were held on tuesday to mark the 40th anniversary of roe v wade, the supreme court decision that legalized abortion. dozens of opponents rallied outside the supreme court's ahead of what they say will be a larger march near capitol hill on friday. meanwhile in jackson, mississippi, abortion rights advocates held a demonstration outside of the state's lone abortion clinic which has faced repeated threats of closure. a new poll coinciding with the fourth anniversary shows national support for abortion rights is at an all-time high. a record 70% of americans oppose overturning roe v wade, and for the first time on record, a majority now believes abortion should be legal in all or most cases. two people are in custody
president obama has tacitly endorsed a house republican plan to lift the debt ceiling for the next four months. the measure would lift enforcement of the government's $16.40 trillion borrowing limit until may 18. in a statement, the white house said it would not oppose the temporary move. a house vote is expected today. protests on both sides of the reproductive rights debate were held on tuesday to mark the 40th anniversary of roe v wade, the supreme court decision that legalized abortion....
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Jan 24, 2013
01/13
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MSNBCW
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the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is
the house averted the debt ceiling fight. at least some republicans. 33 members of the house gop still broke rank. by averting, we, of course, mean punting the ticking time bomb three months down the road. >> another 90 days away so we can continue to royle this congress, this country, our people, and our economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution...
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Jan 23, 2013
01/13
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CNBC
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they aren't about the fiscal cliff or the debt ceiling or the election. it is totally working this market. so i have to go back to the mathematical well. what can i tell you, we want to know what the queen thinks it could go next. take a look at this chart. the s&p said it would. and shortly thereafter she told us that the low was likely to be pivotal, as a key part of her methodology. you heard me talk about fibonacci ratios. these numbers are 23.6%. 38.2%. 50 % and 69.1%. it is eerie and according to many technicians it is a crucial turning point in price targets. and you apply the ratios that i mentioned and there is always an important level for that security. based on that low the s&p was ready to roar and she gave us a price target of 1510. last time we highlighted her work she said that if the s&p could break out it would be a straight line straight shot to her 1510 target. sure enough, i went back to her for info. so what does she think about the s&p prospects right now? since it took out the key high it made on december 18th before the big end of
they aren't about the fiscal cliff or the debt ceiling or the election. it is totally working this market. so i have to go back to the mathematical well. what can i tell you, we want to know what the queen thinks it could go next. take a look at this chart. the s&p said it would. and shortly thereafter she told us that the low was likely to be pivotal, as a key part of her methodology. you heard me talk about fibonacci ratios. these numbers are 23.6%. 38.2%. 50 % and 69.1%. it is eerie and...
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Jan 23, 2013
01/13
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CNNW
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what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both houses, each house would have to pass a budget or members of congress won't be paid. their pay will be put in an escrow account are they won't be paid. that's a little bit. schtick they're trying to use. this takes away the threat of a big default. >> house republicans have it seems backed off their demand that any increase in the debt ceiling be matched by spending cuts. is this seen as a political retreat or are they hoping to gain something in return? >> reporter: well, both sides are kind of gloating here and claiming victory. we had a press conference from
what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both...
WHUT (Howard University Television)
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Jan 25, 2013
01/13
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[applause] i'm trying to imagine -- we talked earlier about the fiscal cliff and debt ceiling. it is clear there is legislative gridlock in this town. what happens in the months to come with this kind of gridlock -- we already see the battle lines being drawn about what is to happen when these entitlements did on the table with in march. what happens to the poor as you see it in the coming months? >> let me first say, thank you so much for allow me to be part of this conversation. i am happy that you have been carrying on this kind of conversation over the last few years. let me try and see if i can put something in context for you -- i think that is something we never really talk about. a lot of this fiscal cliff stuff is really smoke and mirrors -- when you sit back and realize the largest portion of the debt of this country is really three things -- one is two wars we never paid for, what is a medicare part that we never paid for, and the other part is the bush tax cuts. those of the largest portions of the debt of this nation. what they're trying to do now by cutting what y
[applause] i'm trying to imagine -- we talked earlier about the fiscal cliff and debt ceiling. it is clear there is legislative gridlock in this town. what happens in the months to come with this kind of gridlock -- we already see the battle lines being drawn about what is to happen when these entitlements did on the table with in march. what happens to the poor as you see it in the coming months? >> let me first say, thank you so much for allow me to be part of this conversation. i am...
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Jan 22, 2013
01/13
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. >> reporter: bottom line republicans recognize this raising the debt ceiling issue isn't a very good one for them. working on deficit and spending budget is better for them. >> reporter: what do democrats say about passing a budget today. >> reporter: chuck schumer said the senate would pass a budget this year. the battle will be over spending cuts and what is included in that very budget. yesterday with the top congress alleaders at his inaugural luncheon president obama called for working together. >> i recognize that democracy is not always easy, and i recognize there are profound differences in this room, but i just want to say thank you for your service, and i want to thank your families for their service, because regardless of our political persuasions and perspectives, i know that all of us serve because we believe that we can make america for future generations. >> reporter: first challenge will be that debt ceiling vote tomorrow the first of many fiscal issues to be tackled in this new term. >> reporter: let the games begin. mike emanuel, thank you very much. what is the lik
. >> reporter: bottom line republicans recognize this raising the debt ceiling issue isn't a very good one for them. working on deficit and spending budget is better for them. >> reporter: what do democrats say about passing a budget today. >> reporter: chuck schumer said the senate would pass a budget this year. the battle will be over spending cuts and what is included in that very budget. yesterday with the top congress alleaders at his inaugural luncheon president obama...
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Jan 22, 2013
01/13
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KGO
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he will deal with three fiscal deadlines including raising the debt ceiling, which the house expected to vote on tomorrow. in the inaugural address, he made history as the first president to mention the word "gay" and "gay rights." >> if we are truly created equal surely the love we commit to one another mutt be -- must be equal, as well. >> there will be one more party tonight, the obamas and friends celebrate with campaign and white house staffers at inaugural ball where supposedly lady gaga is performing. >> the president is sworn in on two bibles one from martin luther king and the other from abraham lincoln. traffic and weather, together, next on the abc7 morning news. here is the golden gate bridge, dry as a bone. but maybe, maybe, maybe there is rain in the forecast. >> and a deal to sell sacramento kings so they can move to seattle. the ripple effect that >> welcome back, almost everyone is just a bit warmer than yesterday so we do not have as frost. 32 at concord and fairfield is 31. upper 30's around the bay to 40 in oak and 47 in san francisco. this afternoon, low-to-mid 60
he will deal with three fiscal deadlines including raising the debt ceiling, which the house expected to vote on tomorrow. in the inaugural address, he made history as the first president to mention the word "gay" and "gay rights." >> if we are truly created equal surely the love we commit to one another mutt be -- must be equal, as well. >> there will be one more party tonight, the obamas and friends celebrate with campaign and white house staffers at inaugural...
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Jan 22, 2013
01/13
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt...
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Jan 29, 2013
01/13
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Jan 22, 2013
01/13
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he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and
he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting...
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Jan 23, 2013
01/13
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it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the problem no
it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your...
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Jan 27, 2013
01/13
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FOXNEWS
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and they said, okay, we are going to delay the debt ceiling situation for now and want really address it, immediately, pushing the can down the road. is this proverbial constant delay, delay, delay until they can get anything together? >> i don't blame president obama for all of this. i do think he inherit the a very polarized nation. richard nixon and ronald reagan won re-election with 48 and 49 states. obama squeaked out a victory here. one thing obama has to do, even if it's not his fault, he has to lead the country. the nation is in an interesting position, where the right has turned very right and the red has turned very red and the blue is very blue. but on issues like immigration and the budget, i think there is a chance to move forward and i think the democrats on the hill will urge the president to work in a more bipartisan fashion, because if you look at the senate races in 2014, there is a lot of democratic senator who is have to get re-elected in swing or red states. so i think political reality is this -- they have to come together to get some things done or both sides wi
and they said, okay, we are going to delay the debt ceiling situation for now and want really address it, immediately, pushing the can down the road. is this proverbial constant delay, delay, delay until they can get anything together? >> i don't blame president obama for all of this. i do think he inherit the a very polarized nation. richard nixon and ronald reagan won re-election with 48 and 49 states. obama squeaked out a victory here. one thing obama has to do, even if it's not his...
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Jan 22, 2013
01/13
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republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would be a pla
republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he...
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Jan 21, 2013
01/13
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the most important issues for our country such as debt ceiling spending and the gun control debate. >> that's where we begin our first pole this morning. when asked if you think the tough gun control laws will prevent acts like the noun shooting 41 percent say no people will still try to commit the acts. 22 percent said yes. we asked about finances. those polled say income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say they expect changes through immigration reform this year. 21 percent believe the deficit will get smaller. >> when it comes to the deficit in spending 83 percent were told they believe government spending is out of control that's up from 78 percent back in february 2010 and the next economic debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily
the most important issues for our country such as debt ceiling spending and the gun control debate. >> that's where we begin our first pole this morning. when asked if you think the tough gun control laws will prevent acts like the noun shooting 41 percent say no people will still try to commit the acts. 22 percent said yes. we asked about finances. those polled say income taxes will likely go up this year 11 percent more than the number who believe gun laws will change. 48 percent say...
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Jan 24, 2013
01/13
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CNBC
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ceiling. >> thanks so much, bill. we are talking economy and politics with representative eric cantor right now, and representative, great to have you on the program. >> great to be here with you. >> thank you so much for joining us. >> let's get right to t.yesterday or this week rather the house passed a debt limit extension until mid-may. what does that buy us? >> well, what is buys us is a time for this debate about borrowing and spending to really develop into what i hope will be a robust discussion that will yield some results. we know that for almost four years the united states senate has not passed a budget, and that's part of the problem that's been contributing to the out-of-control spending in washington, and what we've said is we will extend the debt ceiling for three months to allow time for the united states senate to write a budget so we can then begin the discussions on how we're going to repay this money that we're going to borrow as well as begin to manage down the debt long term. >> what's the reali
ceiling. >> thanks so much, bill. we are talking economy and politics with representative eric cantor right now, and representative, great to have you on the program. >> great to be here with you. >> thank you so much for joining us. >> let's get right to t.yesterday or this week rather the house passed a debt limit extension until mid-may. what does that buy us? >> well, what is buys us is a time for this debate about borrowing and spending to really develop into...
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Jan 23, 2013
01/13
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ceiling. papa john is offering a free large pizza to customers who correctly call the coin toss for the game, which is the biggest sales day of the year, the chicken counsel says 1.2 billion wing portions will be eaten over the super bowl weekend. >> now 5:24 on this wednesday morning. good news as you head outside, not as chilly as it has been in the morning. >> also news, and i am just curious why we have "spare the air" and sprinkles of rain today? >> it was interesting. i thought the same thing when they issued the spare spay day -- they issued the "spare the air" day, but the cold air could be locked in the valley and they are afraid the air will not vent if you have a fire it could create issues. no one burning wood today, mid-50's to low 60's with rain to the north, showers to the south and you can see the steady rain to the north right now and showers to our south where it will be in the low-to-upper 70's around san diego and los angeles and palm springs. >> we have word of a bart dela
ceiling. papa john is offering a free large pizza to customers who correctly call the coin toss for the game, which is the biggest sales day of the year, the chicken counsel says 1.2 billion wing portions will be eaten over the super bowl weekend. >> now 5:24 on this wednesday morning. good news as you head outside, not as chilly as it has been in the morning. >> also news, and i am just curious why we have "spare the air" and sprinkles of rain today? >> it was...
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Jan 22, 2013
01/13
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so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a budget committee if they're not budgeting? you we pay that committee $15 million every bienyum to do their budget? why don't we get rid of them if they're not doing their job? we pay them more money than veteran affairs and they don't even do their job. i would be the first to proposal the budget committee if they're not doing their job. >> brian: thanks for shaking up the place. >> thanking for having me on. >> brian: i can't wait to have you in the aftermath. hopefully it will be a big thumbs up. >> thank you. >> brian: straight ahead, he founded the weather underground. the group that bombed the pentagon. perhaps not the best person to deliver a keynote address to teachers. the de
so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a budget committee if they're not budgeting? you we pay that committee $15 million every bienyum to do their budget?...